On Thursday, ServiceNow stock earned a positive adjustment to its Relative Strength (RS) Rating, from 63 to 75.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. See if ServiceNow stock can continue to show renewed price strength and clear that threshold.
See How IBD Helps You Make More Money In Stocks
Is ServiceNow Stock A Buy?
ServiceNow stock is trying to complete a cup with handle with a 485.68 buy point. See if the stock can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings-per-share growth dropped last quarter from 56% to 37%, but the top line rose from 20% to 22%.
ServiceNow stock holds the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace and Qualtrics International are also among the group's highest-rated stocks.
